Question
I use state level data to estimate the effect of the minimum wage on unemployment and I find that each $1 per hour increase in
I use state level data to estimate the effect of the minimum wage on unemployment and I find that each $1 per hour increase in the minimum wage increase the unemployment rate by only 0.2 percentage points. In the data, the minimum wage at the state level ranges from $7 per hours to $12 per hour. For each of the following proposed policies, consider
(a) to what extent external validity is a serious problem in using the results of this study to assess the proposed policy and
(b) how you could address this, if at all. (Note: Suppose for this problem that the study was internally valid. In reality, internal validity for this particular empirical question is difficult.)
plz answer both are question asap
dont answer by pen pepar
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